Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) Lumia 1320 will soon be unveiled through Cricket Wireless in the United States, says a report from Windows Phone Central, citing a tipster who shared some internal employee training for the Lumia 1320. At present, only the Lumia 520 is available through Cricket Wireless.
Nokia Lumia 1320 available in South Asia
The 6-inch display Lumia 1320 was released in October last year and users in South Asia have had access to the phone. However, the phone was not available in the U.S. till now.
The Nokia Lumia 1320 is a dual core 1.7GHZ S4 processor powered with 1GB RAM, 8GB of internal memory, which is expandable, a 5MP shooter at the back with a VGA front-facing camera, and a 6” 720p display.
Separately, Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) launched its XL model smartphones in Kenya, a hot market for app developers, with the top developers seeing five million downloads to date. Furthermore, the number of downloads are expected to grow with the surge in smartphones in the local market. The Nokia mobile device unit was taken over by Microsoft last year, and the software titan is now working to increase the number of current local apps in Nokia X and newly launched Nokia XL through the Microsoft Windows platform. At present, Nokia X has over 460 apps in its store from local developers.
Lilian Nganda, Microsoft Communications Manager, told The Standard that local app developers will benefit from the Microsoft platform to make money out of their application, especially when Nokia XL is available in the Kenyan Market.
Some positive for Nokia shares
Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) shares have surged from $7.24 on May 16th to close at $8.13 on Friday, an increase of 12% in a short span of 2 weeks. Earlier in January, shares climbed to around same level. The next big target for Nokia shares is $10.00.
Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) has received positive ratings from various rating agencies. Credit rating agencies like Moody’s, Standard&Poor and Fitch have recently upgraded Nokia’s long term debt credit outlook ratings. Major investment analysis firms such as Jefferies have upgraded the firm’s shares from Hold to Buy with a price target of EUR 7.41 ($10.11). Canaccord Equity research also maintained its Buy rating on the stock with a price target of $11.00.